National Fuel Gas Company (NFG) Stock Rating Reaffirmed by Scotiabank
National Fuel Gas Company (NYSE:NFG)‘s stock had its “hold” rating reiterated by research analysts at Scotiabank in a note issued to investors on Friday. They currently have a $60.00 price objective on the oil and gas producer’s stock. Scotiabank’s target price suggests a potential upside of 4.88% from the stock’s current price.
A number of other research firms have also recently weighed in on NFG. BidaskClub cut National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $54.00 price objective (up from $52.00) on shares of National Fuel Gas in a research report on Friday, September 1st. Finally, Sidoti assumed coverage on National Fuel Gas in a research report on Thursday, October 12th. They set a “neutral” rating and a $65.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, National Fuel Gas currently has a consensus rating of “Hold” and a consensus target price of $59.67.
National Fuel Gas (NFG) opened at $57.21 on Friday. The stock has a market capitalization of $4,891.91, a PE ratio of 17.34, a PEG ratio of 9.75 and a beta of 0.95. The company has a quick ratio of 0.81, a current ratio of 0.90 and a debt-to-equity ratio of 1.06.
National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.53 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.53. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. The firm had revenue of $286.94 million for the quarter, compared to analysts’ expectations of $325.81 million. During the same period in the previous year, the firm earned $0.66 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis. analysts anticipate that National Fuel Gas will post 2.93 EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of NFG. Northwestern Mutual Wealth Management Co. raised its stake in National Fuel Gas by 1.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock valued at $103,000 after purchasing an additional 34 shares during the period. Cable Hill Partners LLC bought a new stake in National Fuel Gas during the 3rd quarter valued at approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in National Fuel Gas by 18.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock valued at $161,000 after purchasing an additional 445 shares during the period. San Francisco Sentry Investment Group CA bought a new stake in National Fuel Gas during the 2nd quarter valued at approximately $168,000. Finally, Oakbrook Investments LLC bought a new stake in National Fuel Gas during the 3rd quarter valued at approximately $201,000. 72.22% of the stock is currently owned by hedge funds and other institutional investors.
About National Fuel Gas
National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.
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